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Home » News » Financial News


Financial News

Aegean Marine Petroleum's share price plummets more than 30%
24 May 2017 15:02 GMT
Stifel calls Q1 results 'one of the worst quarters in the company's history'.

Aegean posts 88.1% drop in net income despite rise in revenue, sales volume
24 May 2017 09:18 GMT
CEO says results 'do not reflect the overall strength of our business' as company pursues 'more asset-light model'.

Monjasa reports upturn following challenging 2016
22 May 2017 18:07 GMT
Bunker firm posts positive net results for the first quarter.

Teekay expects OPEC cuts, oil demand growth to support mid-sized tanker rates
18 May 2017 12:20 GMT
U.S. crude volumes are increasingly moving to Asia and Europe, which is supportive of mid-sized tanker demand.

Finnlines aims to slash bunker costs with new vessel-lengthening initiative
17 May 2017 09:42 GMT
Ferry firm looks to the future with Energy Efficiency and Emission Reduction Investment Programme.

Genoil presents 'compelling economics' for LSFO production unit
17 May 2017 07:23 GMT
Engineering firm says a $30m investment could achieve payback in less than three months.

Unaudited revenue up for Tallink's Estonia-Finland route with LNG-fuelled ferry
12 May 2017 07:55 GMT
New LNG-powered ship accommodates around 40% more passengers and almost double the car capacity of replaced ship.

NCL posts 8.8% rise in bunker costs as cruise operating expenses jump $55.3m
12 May 2017 07:07 GMT
Q1 net income falls 15.5 percent to $61.9 million.

Gener8 Maritime's Peter Georgiopoulos 'pleased' with bunker-saving ECO VLCC premium
09 May 2017 11:34 GMT
CEO bullish despite decline in Q1 net income.

Rubis completes acquisition of Haitian fuel supplier Dinasa
04 May 2017 09:18 GMT
French group extends its coverage in the Caribbean.

GasLog Partners completes acquisition of tri-fuel tanker
04 May 2017 08:29 GMT
LNG carrier GasLog Greece acquired from GasLog Ltd.

Royal Caribbean posts 1.1% rise in bunker costs as net income jumps 116.6%
03 May 2017 06:35 GMT
Cruise operator expects to spend $707 million on bunker fuel this year.

World Fuel Services posts drop in Q1 net income
28 Apr 2017 07:08 GMT
Marine segment records 39% rise in revenue and 27.2% decline in income.

Marine Petrobulk owner posts Q1 results
27 Apr 2017 09:43 GMT
Seaspan announces rise in net earnings and decline in normalized net earnings and EBITDA.

NuStar Q1 results helped by 'solid bunkering margins'
25 Apr 2016 09:38 GMT
Fuels marketing sales rose by 58.6 percent during the first quarter of 2017.

Rickmers Maritime to be delisted and wound up
13 Apr 2017 09:02 GMT
Trustee-manager unsuccessful in last-ditch effort to secure new restructuring proposal.

Containerships secures funding to implement LNG strategy
05 Apr 2017 07:41 GMT
European Union and Nordic Environment Finance Corporation (NEFCO) back project.

Norden on track to save $16.5m this year via fuel efficiency measures
31 Mar 2017 17:46 GMT
Danish firm says it slashed fuel costs by $24.9 million between 2014 and 2016 thanks to fuel efficiency measures.

Owner of Singapore's 12th biggest bunker supplier posts $1.1 billion profit
31 Mar 2017 12:15 GMT
PetroChina says its marketing business 'proactively responded to unfavourable conditions'.

Higher bunker prices cause voyage costs to rise: Eagle Bulk
31 Mar 2017 09:30 GMT
US operator records full-year and fourth-quarter net loss.





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